In an effort to open a conversation about the Affordable Housing Crisis, Archway Communities‘ CEO Sebastian Corradino has launched a Thought Leadership Blog that will be published quarterly. Mile High CRE is delighted to share this information with its readers. His first piece, published February 2, addresses the need for more affordable housing in Colorado.
Part 1: How Did We Get Here?
According to the National Low Income Housing Coalition there is a deficit of some 7 million affordable housing rental units in the United States. In many states, including Colorado, there are 30 units or less of income based housing units available for every 100 very low-income families who need such housing. The pace of new supply has clearly failed to keep up with demand – and this is for housing at all points on the affordability spectrum.
In a society of short attention spans, it is extremely challenging to achieve a common and reasonably accurate understanding of the problem. Our inability to come to terms with complex policy challenges such as immigration, gun control and climate change are clear evidence of the problem: public policy motivated primarily by political considerations is generally not effective because it is based more on political expediency and sound bites than the usually messy and complex underlying story.
In its way, the affordable housing crisis is as complicated as any policy crisis we face today as a nation. It’s a multi-dimensional problem, one that involves...
A federal judge has dismissed part of Eli Lilly’s lawsuit alleging Empower Pharmacy misled customers about its compounded versions of the obesity drug tirzepatide. But … Sign up to read this articl...